Store Closing definition

Store Closing means (i) a permanent closing of a retail Store location or locations by MW or a Relevant Authorized Affiliate, (ii) the sale or other transfer for value (other than (x) the sale or transfer to Monogram, an Affiliate of Monogram or an Authorized Affiliate, (y) a sale of all or substantially all of the business of MW where this Agreement is assigned as provided in SECTION 17.1(3) or (z) Stock or other direct or indirect transfers of equity interests in MW) of a retail Store location or locations by MW or a Relevant Authorized Affiliate to a Person or Persons who shall not operate such store as a retail store in which more than [ ]* of sales will be made utilizing open-end consumer credit programs bearing such acquiror's tradestyle (such percentage of sales will be presumed to be greater than [ ]* unless otherwise demonstrated by MW), or (iii) the sale or other transfer for value (other than (a) the sale or transfer of the Signature Companies to Monogram or an Affiliate of Monogram or a sale or transfer to an Authorized Affiliate, (b) a sale of all or substantially all of the business of MW where this Agreement is assigned as provided in SECTION 17.1(3) or (c) Stock or other direct or indirect transfers of equity interests in MW) or permanent closing by MW or a Relevant Authorized Affiliate of a *Confidential treatment has been requested with respect to this information. Store or Stores that does not involve the sale or closing of a retail Store location or locations (E.G., the sale or permanent closing of all or a portion of the operations of ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Direct, Inc. occurring during such time as it is a Relevant Authorized Affiliate), provided an event specified in (iii) shall not constitute a Store Closing if the acquiror's involvement is transparent to consumers and the acquiror is authorized to and does accept the Credit Card. For the avoidance of doubt, it is acknowledged that an event constituting an MW Divestiture shall not constitute a Store Closing.
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Store Closing means the closing of one or more of the Company's stores to the extent contemplated by the Business Plan and permitted under the DIP Financing Facility and such additional store closings as are set forth on Section 1.1 of the Company Disclosure Schedule (which Schedule shall be delivered within 30 days of the date hereof and shall be reasonably acceptable to the Plan Investor) or as may be reasonably agreed to by the Plan Investor, and the store closing sales with respect thereto, including any actions required or necessary therefor or in connection therewith, including, but not limited to any reduction in force, sales of assets and rejection of unexpired leases and executory contracts related thereto, pursuant to the Plan or an order of the Bankruptcy Court approving such matters.
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Examples of Store Closing in a sentence

  • Agent may advertise the Sale as a Store Closing, or Total Liquidation or similar type sale in accordance with applicable law and applicable leasehold agreements.

  • After the Closing Date, the Buyer or its parent may have representatives present at Store Closing Locations during GOB Sales to sell Direct Brands club memberships, provided such activities do not adversely impact the conduct of the GOB Sales.

  • With respect to any Store Closing Locations at which a physical inventory has been conducted in accordance with the applicable Agency Agreement prior to the delivery of the Adjustment Notice, the Final Closing Net Working Capital shall take into account the results of such physical inventory applying the valuation methodologies, as applicable, set forth in the applicable Agency Agreement.

  • Appendix A-2 121 Single Days of Vacation Protocol ....................11.22 54 Small Kiosks.......................................................1.09 18 Store Closing .........................................................21 89 Store Management and Shop ▇▇▇▇▇▇▇ Co-operation.................................

  • The terms, conditions and procedures applicable to the conduct of the GOB Sales in the Store Closing Locations are set forth in the applicable Agency Agreement.

  • Notwithstanding designation of a Real Property Lease as an Excluded Real Property Lease, the Buyer may deliver notice to the Agent to defer commencement of a GOB Sale at such Store Closing Location; provided that the Buyer may not defer the commencement of any Pre-Closing GOB Sale.

  • Keep and maintain all property material to the conduct of its business in good working order and condition, except (a) ordinary wear and tear, (b) asset Dispositions permitted by Section 7.05, and (c) assets located at a Store following a Permitted Store Closing with respect to such Store.

  • Merchant does not warrant that the existing Supplies in the Stores as of the Sale Commencement Date are adequate for the purposes of the Store Closing Sale.

  • The Agents and the Required Lenders hereby acknowledge and agree that the sale of the inventory and furniture, fixtures and equipment located at 567 of the Domestic Borrowers’ retail store locations and distribution centers pursuant to the 2009 Agency Agreement, as approved by the US Bankruptcy Court pursuant to that certain Order Approving Agency Agreement, Store Closing Sales and Related Relief by the US Bankruptcy Court dated January 16, 2009, is a Permitted Sale under the DIP Credit Agreement.

  • Merchant, however, reserves its right to request, upon notice to creditors, authorization by the Bankruptcy Court to auction any Fixtures remaining unsold at the end of the Store Closing Sales.

Related to Store Closing

  • First Closing has the meaning set forth in Section 2.2(a).

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Second Closing has the meaning set forth in Section 2.2.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • Merger Closing means the closing of the Merger.